The AES Corporation (AES)

Solvency & Capital Structure

Total Debt

$31B

Net Debt

$29.35B

The AES Corporation currently has $31B in total debt. Net debt is $29.35B after cash offsets.

Financial Fundamentals

AES • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	31.00	1.65	29.35	52.82	58.7%
2025-12-31	30.33	2.25	28.08	51.77	58.6%
2025-09-30	30.85	1.82	29.02	50.78	60.7%
2025-06-30	30.27	1.35	28.92	48.54	62.4%
2025-03-31	30.58	1.82	28.76	48.62	62.9%
2024-12-31	29.02	1.60	27.41	47.41	61.2%
2024-09-30	29.45	1.98	27.47	50.08	58.8%
2024-06-30	28.55	1.83	26.72	47.74	59.8%
2024-03-31	29.60	2.39	27.21	47.05	62.9%
2023-12-31	26.88	1.82	25.06	44.80	60.0%
2023-09-30	27.39	2.30	25.09	43.16	63.5%
2023-06-30	26.54	2.04	24.51	41.51	64.0%
2023-03-31	24.83	2.26	22.57	39.36	63.1%
2022-12-31	23.50	2.10	21.39	38.36	61.3%
2022-09-30	22.20	2.22	19.98	37.77	58.8%
2022-06-30	21.38	1.67	19.71	36.07	59.3%
2022-03-31	20.25	1.50	18.76	34.65	58.5%
2021-12-31	18.70	1.18	17.52	32.96	56.7%
2021-09-30	20.01	1.58	18.43	35.03	57.1%
2021-06-30	20.01	1.50	18.51	34.73	57.6%
2021-03-31	19.88	2.07	17.81	35.20	56.5%
2020-12-31	19.88	1.42	18.46	34.60	57.5%
2020-09-30	21.35	1.89	19.46	34.27	62.3%
2020-06-30	21.37	1.84	19.53	34.57	61.8%
2020-03-31	21.09	1.87	19.22	34.14	61.8%
2019-12-31	20.17	1.43	18.74	33.65	60.0%
2019-09-30	19.76	1.48	18.28	33.42	59.1%
2019-06-30	19.75	1.58	18.18	33.24	59.4%
2019-03-31	19.71	1.80	17.91	33.47	58.9%
2018-12-31	19.30	1.48	17.82	32.52	59.3%
2018-09-30	19.40	1.59	17.81	32.49	59.7%
2018-06-30	19.59	2.00	17.59	32.60	60.1%
2018-03-31	19.69	1.83	17.86	32.57	60.4%
2017-12-31	19.96	1.37	18.59	33.11	60.3%
2017-09-30	22.03	1.96	20.07	38.83	56.7%
2017-06-30	20.77	1.95	18.81	36.47	56.9%
2017-03-31	20.33	2.22	18.11	36.51	55.7%
2016-12-31	19.45	2.10	17.35	36.12	53.9%
2016-09-30	20.83	1.92	18.91	37.11	56.1%
2016-06-30	20.78	1.81	18.97	36.97	56.2%
2016-03-31	20.56	1.81	18.74	36.90	55.7%
2015-12-31	20.08	1.75	18.34	36.85	54.5%
2015-09-30	20.70	1.89	18.81	37.00	55.9%
2015-06-30	20.76	1.46	19.30	38.58	53.8%
2015-03-31	20.40	1.92	18.48	38.00	53.7%
2014-12-31	20.86	2.25	18.61	38.97	53.5%
2014-09-30	21.07	2.36	18.71	38.98	54.0%
2014-06-30	21.72	1.94	19.78	39.43	55.1%
2014-03-31	21.48	2.03	19.45	40.97	52.4%
2013-12-31	21.05	2.31	18.74	40.41	52.1%
2013-09-30	21.04	2.93	18.11	41.25	51.0%
2013-06-30	21.07	2.31	18.76	40.84	51.6%
2013-03-31	21.88	3.15	18.73	42.72	51.2%
2012-12-31	20.72	2.67	18.05	41.83	49.5%
2012-09-30	21.56	2.82	18.74	41.36	52.1%
2012-06-30	21.73	2.61	19.12	42.75	50.8%
2012-03-31	22.23	3.43	18.81	45.43	48.9%
2011-12-31	22.02	3.07	18.95	45.33	48.6%
2011-09-30	20.88	4.45	16.43	40.88	51.1%
2011-06-30	21.43	4.86	16.58	42.63	50.3%
2011-03-31	19.45	3.72	15.73	40.50	48.0%
2010-12-31	18.79	4.28	14.50	40.51	46.4%
2010-09-30	19.98	4.49	15.48	41.78	47.8%
2010-06-30	19.67	4.61	15.06	40.70	48.3%
2010-03-31	20.64	5.12	15.52	41.88	49.3%
2009-12-31	19.54	3.46	16.08	39.53	49.4%
2009-09-30	19.66	3.38	16.28	39.26	50.1%
2009-06-30	19.22	2.89	16.33	37.42	51.4%
2009-03-31	17.96	2.40	15.56	34.84	51.5%
2008-12-31	17.69	2.29	15.40	34.81	50.8%
2008-09-30	18.64	1.71	16.94	36.65	50.9%
2008-06-30	19.10	2.29	16.82	38.12	50.1%
2008-03-31	18.45	1.77	16.68	35.74	51.6%
2007-12-31	17.99	3.36	14.63	34.45	52.2%
2007-09-30	15.99	2.27	13.72	33.35	48.0%
2007-06-30	17.14	2.14	15.00	32.62	52.5%
2007-03-31	16.97	1.94	15.03	31.95	53.1%
2006-12-31	16.03	2.12	13.91	31.16	51.4%
2006-09-30	17.41	2.45	14.96	31.94	54.5%
2006-06-30	17.50	1.84	15.66	30.97	56.5%
2006-03-31	17.58	1.78	15.80	30.10	58.4%
2005-12-31	16.97	1.81	15.16	29.43	57.6%
2005-09-30	17.95	1.16	16.78	29.65	60.5%
2005-06-30	18.25	1.38	16.86	29.38	62.1%
2005-03-31	18.34	1.95	16.40	29.66	61.8%
2004-12-31	18.59	1.41	17.18	29.73	62.5%
2004-09-30	18.51	1.58	16.93	29.96	61.8%
2004-06-30	18.34	1.25	17.09	29.00	63.2%
2004-03-31	18.74	1.12	17.62	29.73	63.0%
2003-12-31	19.64	1.74	17.90	29.90	65.7%
2003-09-30	19.70	1.48	18.22	30.41	64.8%
2003-06-30	19.93	2.15	17.78	34.16	58.4%
2003-03-31	19.51	1.16	18.34	32.87	59.4%
2002-12-31	20.10	0.78	19.32	33.78	59.5%
2002-09-30	23.15	0.97	22.18	36.57	63.3%
2002-06-30	23.54	1.03	22.51	38.67	60.9%
2002-03-31	24.81	1.31	23.50	40.20	61.7%
2001-12-31	21.24	0.92	20.32	36.74	57.8%
2001-09-30	22.15	1.30	20.86	36.38	60.9%
2001-06-30	20.70	1.19	19.51	35.53	58.3%
2001-03-31	20.82	1.83	18.99	35.59	58.5%
2000-12-31	18.79	0.88	17.91	31.03	60.6%
2000-09-30	18.09	1.11	16.99	29.47	61.4%
2000-06-30	17.25	1.20	16.05	29.02	59.4%
2000-03-31	15.03	0.82	14.21	23.40	64.2%
1999-12-31	12.03	0.67	11.37	20.88	57.6%
1999-09-30	7.80	0.70	7.10	12.11	64.5%
1999-06-30	7.34	0.39	6.95	11.24	65.3%
1999-03-31	6.80	0.44	6.36	10.16	66.9%
1998-12-31	6.65	0.49	6.16	10.78	61.7%
1998-09-30	6.37	0.38	5.99	10.39	61.3%
1998-06-30	6.63	0.37	6.26	10.46	63.3%
1998-03-31	5.11	0.32	4.79	8.99	56.8%
1997-12-31	5.18	0.30	4.88	8.91	58.2%
1997-09-30	3.92	0.36	3.56	6.57	59.7%
1997-06-30	4.06	0.32	3.74	6.33	64.2%
1997-03-31	2.28	0.42	1.85	4.08	55.8%
1996-12-31	2.21	0.18	2.02	3.62	60.9%
1996-09-30	2.08	0.24	1.84	3.42	60.9%
1996-06-30	1.88	0.22	1.66	2.94	64.0%